RWE AG is a German energy group steering a transition from wind to gas through large-scale deals. The latest: wind-project agreements have spurred a $4bn pivot to gas, amid ongoing energy policy pressures."
RWE U.S. Offshore has relinquished offshore wind leases in exchange for a $1.22 billion settlement, concluding a multi-developer wave that has redirected funds to fossil fuels. The government’s strategy aims to shrink offshore wind while expanding gas and other fossil assets. Several states are suing over the spend. TotalEnergies and others have similar deals.